Some members of the NCRC family are preparing for Hurricane Florence and its aftermath. Others will be available to offer assistance to those hit hardest. We’ve created some disaster preparedness suggestions for our members. We will continue to update this page. For individuals: 7 things to do before Florence arrives Know where your gas shut […]
Preparing for Hurricane Florence Read More »
WASHINGTON, D.C. –  Today the House Financial Services Committee Chairman, Jeb Hensarling (R-TX), unveiled a bipartisan bill to reform the government-sponsored housing enterprises (GSEs). In a press release, Hensarling vowed to end the conservatorship of Fannie Mae and Freddie Mac by winding them down completely. Hensarling’s press statement fails to mention any efforts to tackle
It’s time to end GSE conservatorship, but not their affordability goals. Read More »
WASHINGTON, D.C. – A new forecast projects that changes to the Community Reinvestment Act could reduce lending in lower-income communities up to $105 billion dollars in the next five years. The forecast by researchers at the National Community Reinvestment Coalition comes as the Trump administration considers ideas pushed by banks to change enforcement of the
On August 28, the Office of the Comptroller of the Currency (OCC) issued an Advance Notice of Proposed Rulemaking (ANPR) concerning the Community Reinvestment Act (CRA). The ANPR does not propose specific changes to the regulation implementing CRA. Instead, the OCC describes concepts or frameworks for changing CRA and poses several questions regarding the effectiveness
NCRC analysis of the advanced notice of proposed rulemaking (ANPR) Read More »
NCRC used data collected under the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA) for the years 2012 through 2016 to calculate the sum of loan amounts made during this period for every census tract in the United States. Building upon the work of research in academia and the Federal Reserve, we
Living Longer: We Need Age-Friendly Banking Like most institutions, the American banking system must evolve to meet current needs. Although we all age, and although people on average are living longer and healthier lives, our society has yet to adjust for this substantial demographic shift. Age-Friendly Banking is a set of recommendations that NCRC has
Charting the future course of Age-Friendly Banking Read More »
WASHINGTON, D.C. – Today, The Office of the Comptroller of the Currency (OCC) released an Advanced Notice of Proposed Rulemaking to change how banks are tested for compliance with the Community Reinvestment Act (CRA). The 1977 law requires banks serve the needs of all communities in which they are chartered to do business. The OCC
August 20, 2018 Regulations Division, Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. FR-6111-A-01 Advanced Notice of Proposed Rulemaking Reconsideration of HUD’s Implementation of Fair Housing Act’s Disparate Impact Standard Dear Assistant Secretary Farias: On behalf of
Disparate impact reconsideration comments Read More »
The idea behind the one ratio is that it will immediately signal to banks whether they are in compliance with CRA and can reasonably expect to pass their next CRA exam.
The one big CRA fight over the one ratio Read More »
My daughter will be attending college near Charlotte, North Carolina, in the fall. As part of her orientation, the college asks all incoming freshmen to read a common book. This year, the book was Color and Character by North Carolina historian Pamela Grundy, a story about the struggle for integration and educational equity in Charlotte, North
An old American struggle, always new Read More »
Supervisory Policy and Processes for Community Reinvestment Act Performance Evaluations OCC bulletin 2018-7 describes a number of technical and methodological issues concerning designation of assessment areas, data used on Community Reinvestment Act (CRA) exams, and scheduling of exams.[1] While this may seem technical in nature, the examination procedures outlined in the bulletin can have a
NCRC analysis of OCC bulletin 2018-17 Read More »
A new kind of investment fund with special tax incentives could steer billions in private capital to some low- and moderate-income neighborhoods.
Opportunity zones: Will the money flow in your town? Read More »
June 8, 2018 Senator Sanders, members of the Committee, my name is Stella Adams, and I serve as the Chief of Equity and Inclusion for the National Community Reinvestment Coalition, more commonly known as NCRC. NCRC creates, implements, and supports long-term solutions and strategies that build community and promote individual economic well-being. The programs of
Testimony of Stella Adams before the New York State Senate Democratic Conference Read More »
In 1977, Congress enacted the Community Reinvestment Act (CRA) and required federal bank agencies to assess the record of banks in meeting needs for credit and banking services in communities in which banks are chartered. The federal bank agencies responded by creating CRA examinations that assessed banks’ performance in geographical areas containing bank branches and
The importance of CRA assessment areas and bank branches Read More »
Created in partnership with: According to a Fidelity Investment survey of financial advisors, 84 percent of respondents said they had clients with dementia and 96 percent of respondents said they do not feel prepared for this population. In a dementia friendly community, banks and financial services are aware of dementia and responsive to the individual
Banking and financial services for a dementia-friendly america Read More »
